Motor Sich increased in 2011 net profit to 1.34 billion USD

Net profit of JSC "Motor Sich" in 2011 increased by 9% — up to 1 billion 344 million 161 thousand UAH against a net profit of 1 billion 233 million 398 thousand USD in 2010

According to the press service of the company, its shareholders’ equity in the last year increased by 35% — up to 5 billion 108 million 798 thousand UAH against the same period in 2010 of $ 3 billion 785 million 140 thousand UAH. The number of employees at the end of 2011 was 23 million 841 thousand, compared to 21 860 at the end of 2010

In January of this year it became known that the "Motor Sich" put holding "Helicopters of Russia" engines for $ 1 billion

Recall that in the end of last year, "Motor Sich" has acquired 2,000,000 232.256 million shares (approximately 60%) of the Belarusian JSC "Orsha Aircraft Repair Plant".

"Motor Sich" — one of the largest companies in the world in the production of aircraft engines for aircraft and industrial gas turbines. The company is located in Kiev. The Company has Zaporozhye Engine Plant, Zaporozhye Machine-Building Plant. V. Omelchenko, Snezhnyanskiy Machine Works, Volochysk engineering plant and the airline "Motor Sich".

During the first 9 months of last year, the net profit of "Motor Sich" was 869.9 million USD.

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